Updated Oct 28, 2024
Rockstar Capital Acquires Ascend At Lakeview Multifamily In $50.4M Loan
18313 Fm 1093, Fulshear, Texas 77441, United States
$50,400,000
Units
298
Asset Type
MultiFamily
Closing
Jun 15, 2022
About this deal
AI
The transaction at 18313 Fm 1093 Rd in Ascend at Lakeview involved the acquisition of a multifamily property with 298 units. The loan amount for this transaction was $50,400,000. The loan terms were set at 3 years with a full term interest-only and non-recourse.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $50,400,000
- Address: 18313 Fm 1093 Rd
- Market: Ascend at Lakeview
- Units: 298
The landlord for this property is Robert Martinez from Rockstar Capital. The brokers involved in the transaction were Hannah Howard and Jonathan Zilber from Meridian Capital Group.
Note from brokers: Class A
On the Map
$50,400,000
MultiFamily
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Players
Richmond MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93